Triplex with Updated
For Sale
$299,000
Pending
2309 Ash Street, Scranton, PA 18510
MULTI_FAMILY - Scranton, PA
Property Size3,426 SF
Lot Size0.34 Acres
Days on Market109
Property Features for 2309 Ash Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Basement, Bathroom 3, Bedroom 2
Basement
Full
Appliances
Gas Cooktop, Refrigerator, Washer/Dryer
Elementary school district
Scranton
Middle school district
Scranton
High school district
Scranton
Directions
US 11 South. Continue on US 11 South. Merge onto I-81 South. Take exit 185 toward Central Scranton Expressway. Continue onto Central Scranton Expressway. Turn right onto Ash Street. Arrive at 2309 Ash Street.
Standard status
Pending
APN
15707040026
Size
3,426 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4848
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Steam, Natural Gas
Water source
Public
Amenities
laundry rooms
full basement
Building Details
Year built
1930
Floors in Building
3
Number of units
3
Building materials
Aluminum Siding
Roof type
Asphalt
Listing Agency:
Keller Williams Real Estate-Clarks Summit · Keller Williams Realty
(570) 585-5800
Listed By:
The Bill Chupko Team · License #RS348943
(570) 588-8030
Added: Apr 16
Changed: Jul 30
Last Checked: Aug 2 at 11:06PM
MLS# SC261602
Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Discover 2309 Ash Street, a well-maintained three-unit triplex built in 1930 on a 0.34-acre lot. Each unit features two bedrooms, one bathroom, a bright living room, and an updated kitchen. Units 1 and 2 include convenient in-unit laundry rooms, and there is a full basement that can support storage and utility needs.
The property includes exterior aluminum siding and an asphalt roof, with hot water (heating), steam, and natural gas listed as heating sources. Public water and public sewer service are available. Additional on-site convenience comes from a detached garage and off-street parking for residents.
This configuration offers a straightforward three-unit rental setup with multiple functional spaces for day-to-day living, including resident laundry in two units and shared basement space for storage and utilities.
The property includes exterior aluminum siding and an asphalt roof, with hot water (heating), steam, and natural gas listed as heating sources. Public water and public sewer service are available. Additional on-site convenience comes from a detached garage and off-street parking for residents.
This configuration offers a straightforward three-unit rental setup with multiple functional spaces for day-to-day living, including resident laundry in two units and shared basement space for storage and utilities.
Key Highlights
- Three‑unit triplex on a 0.34‑acre lot
- Each unit offers two bedrooms, one bathroom, a living room, and an updated kitchen
- Units 1 and 2 include in‑unit laundry rooms
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.0k | $14.88 |
| − Vacancy | −$3.0k | −$0.86 |
| EGI | $48.0k | $14.02 |
| − OpEx | −$21.6k | −$6.31 |
| NOI | $26.4k | $7.71 |
3,426 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.6K
$353.2K – $470.9K
NOI $28,253 @ 7.0% cap · market cap 9.45%
Second Best
Apartment 5plus
$377.3K
$330.2K – $440.2K
NOI $26,412 @ 7.0% cap · market cap 8.83%
Theoretical Best
Office A
$869.6K
$760.9K – $1.01M
NOI $60,871 @ 7.0% cap · market cap 20.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 18510, PA
14,110
Population
5,824
Households
2.4
Avg Household Size
31
Median Age
28%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
7,839
Density / Sq Mi
$52,500
Median Household Income
$25,282
Median Earnings
$1,040
Median Rent
$178,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit triplex in Residential zoning with updated kitchens, 2 bed/1 bath layouts, and off-street parking.
Where is this triplex located?
The property is located at 2309 Ash Street Scranton, PA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Three‑unit triplex on a 0.34‑acre lot; Each unit offers two bedrooms, one bathroom, a living room, and an updated kitchen; Units 1 and 2 include in‑unit laundry rooms
